How to Add Williams Percent R Indicator in MT4 Charts

Step 1: Open Navigator Window on CFDs Trading Software

Open Navigator panel as shown and illustrated below: Navigate to "View" menu (click on it), then select "Navigator" window (click), or From Standard Toolbar click the "Navigator" button or press key-board short-cut keys "Ctrl+N"

On Navigator window, select 'Technical Indicators', (Double-Click)

How to Add Williams Percent R Indicator in MT4 - MT4 Williams Percent R Technical Indicator

Step 2: Expand the Indicators Menu on the Navigator - Adding Williams Percent R MT4 Indicator

Expand the menu by clicking the expand button marker (+) or double click the "indicators" menu, after this the button will appear as (-) and will now display a list as shown below - select the Williams Percent R cfds chart indicator from this list of cfds indicators so as to add the Williams Percent R cfds indicator on the cfd trading chart.

How to Add Williams Percent R Indicator - From the Above window you can then place Williams Percent R indicator that you want on the CFDs chart

How to Add Custom Williams Percent R Indicator to MT4

If the technical indicator you want to add is a custom indicator - for example if the Williams Percent R technical indicator you want to add is a custom indicator you will need to first add this custom Williams Percent R indicator on the MT4 software & then compile the custom Williams Percent R indicator so that the newly added Williams Percent R custom indicator appears on the list of custom indicators on the MT4 platform.

To learn how to install Williams Percent R indicators on MT4, how to add Williams Percent R indicator window to MT4 and how to add Williams Percent R custom indicator on MetaTrader 4 - How to add a custom Williams Percent R cfd indicator in MT4.

About Williams Percent R Technical Indicator Explained

Williams Percent R Technical Analysis and Williams Percent R Trading Signals

Williams %R Technical Indicator Developed by Larry Williams

Williams %R indicator is pronounced as Williams percent R indicator. Williams %R Technical Indicator is a momentum oscillator used to analyze overbought and oversold levels in the cfds markets.

The Williams % Range oscillator is similar to the Stochastic Oscillator indicator, apart from that fact that the %R is plotted upside down on a negative scale that is from 0 to -100 and the indicator does not apply a smoothing factor.

Williams %R, Percent R Indicator - CFDs Indicators

The Williams %R indicator analyzes the association of the closing prices relative to the High and Low range over a selected number of n candlesticks.

• The closer the closing price of a candlestick is to the highest high of the range selected the closer to zero the %R reading will be.
• The closer the closing price of a candlestick is to the lowest low of the range selected the closer to -100 the %R reading will be.

When doing technical analysis a trader should ignore the minus sign placed before the value, for examples -40, the - sign should be ignored, just remember the indictor values are placed in an upside down manner.

• At zero: If the closing price of the candlestick is equal to the highest high of the range the William %R reading will be 0.
• At -100: if the closing price of the candlestick is equal to the lowest low of the range the William %R reading will be -100.

Technical Analysis of Williams Percent R Technical Indicator

Overbought/Oversold Levels on Indicator

• Overbought- William % R values from 0 to -20 are considered overbought while
• Oversold- Williams % R values from -80 to -100 are considered oversold.

As for trading overbought/oversold levels it is best to wait for a cfds pair to change direction before taking a signal in the opposite direction. For Example if a cfds pair is oversold it is best to wait for the trend to reverse and start to head in an upward direction before buying the cfds pair.

CFDs Trading Trend Reversal Trading Signals

The William %R indicator used to predict a trend reversal signal when trading a cfds pair. William %R indicator always predict a reversal using the following technique

Bearish Reversal Signal- Williams Percent Range indicator forms a peak and turns down a few days before the price trend peaks and turns down. The example below shows %R giving a reversal signal before price starts to head down and change to a down trend.

Bearish Reversal Signal after CFDs Uptrend

Bullish Reversal Signal- Williams Percent Range indicator forms a trough and turns up a few days before the price trend bottoms and turns up.

Bullish Reversal Signal after CFDs Downtrend